The Development of Economic Activity Human Beings produce and consume goods and services from the resources in their environment. It is primarily for the reason that humans are called ECONOMIC ANIMAL‚ because he or she has the ability to use his or her hands and brain to satisfy his or her immediate personal needs. These are looked at as basic needs; these needs are food‚ shelter and clothing (Economic Activity). Economic Activity means activities which results in the satisfaction of needs. In order
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I believe in conducting myself with integrity. It is imperative that I exercise good judgment in all my endeavors whether it is personal or professional. It has been said that you are only as good as your word. This is a mantra that I live by. I am also a firm believer in honesty. With integrity comes honesty. It is my feeling that you must be truthful in all that you do. Along with truthfulness comes fairness. I believe in giving everyone a fair chance. Even though there are individuals
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thought to guide themselves throughout life towards happiness. Utilitarianism or The Greatest Happiness Principle speaks upon pleasure being the absence of pain. “It is better to be a human dissatisfied than a pig satisfied…” was the simplest line throughout the whole text as it infers‚ in comparison to a pig‚ a morally good human who is unhappy is deemed better off than an immoral human satisfied by their own wrong doings. Utilitarianism understands that it is too much to ask of one to act in the greater
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Utilitarianism as an ethical theory Utilitarianism is the view that an act is right if it equals the greatest happiness for the greatest number of people. Utilitarians describe moral actions as actions that boost something good and lessen something that is bad. Virtue‚ knowledge‚ and goodwill are all good but they are only good if they give people a pleasurable existence. Pain is the only thing that is intrinsically bad. Utilitarians focus on the result of an act instead of the inherent
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The principles surrounding ethics involve health care professionals analysing problems they face and decide if an action or practice is deemed right or wrong. Health care professionals must always ensure they work within ethical principles highlighted within their profession (HCPC‚ 2016). Virtue ethics is a frame work which focuses upon the character of the person rather than the rightness of their actions (Pozgar‚ 2010). Deontology states the rightness of something is based on actions used to reach
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Utilitarianism Utilitarianism the ethical doctrine of the greatest happiness of the greatest number should be the criterion of the virtue of action. The principle that utilitarianism use in making moral decisions is a form of moral hedonism; that people should seek pleasure and avoid pain. Utilitarianism seeks to produce the greatest good for the greatest number. But‚ the problem is in determining what the greatest good is. Utilitarian define the “good” as good is what equates pleasure and reduces
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theory of Utilitarianism The theory of Utilitarianism takes its name from the Latin word Utilis‚ meaning ‘useful’. It was first developed by Jeremy Bentham‚ a philosopher and legal theorist of the 18th century. Bentham sought to produce a modern and rational approach to morality which would suit the changing society of the industrial age. This was also the era of the French and American Revolutions‚ and of the Enlightenment‚ so orthodox morality was challenged on many fronts. Utilitarianism may be
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Utilitarianism and Business Ethics Utilitarianism is a normative‚ consequentialist‚ empirical philosophy which links the idea of a good action to one which promotes maximum pleasure or happiness‚ found by adding up costs and benefits (or pains and pleasures). It has two classic formulations - Bentham’s hedonistic (pleasure-based) act utilitarianism and Mill’s eudaimonistic (happiness-based) rule utilitarianism. In this article we make some preliminary comments on Bentham and Mill before analysing
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Ethical Theory Examination Ethical Theory Examination An action can be considered ethical or unethical depending on the perspective. There are three main theories of ethics: virtue‚ utilitarianism‚ and deontology. Each theory uses different criteria to determine if an action is ethical. Although the idea of performing ethical actions is similar‚ each theory follows a different approach. The virtue theory of ethics determines what is right and wrong based upon how it will affect one’s character
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In this essay I will discuss Utilitarianism by first explaining how Utilitarians are consequentialists who base their actions on the pleasure of pain of their consequences. Secondly‚ Jeremy Bentham will be discussed as the propagator of the Principle of Utility which determines human self-interest and voluntary action to achieve the greatest good or greatest pleasure. Thirdly‚ I will discuss John Stuart Mills and his more complex version of Utilitarianism. To clarify the Utilitarian theory I will
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